dangote cement

  1. From Gari to Cement: Rising Prices Ignite Concerns, Government Calls Industry Leaders to the Table

    Nigeria From Gari to Cement: Rising Prices Ignite Concerns, Government Calls Industry Leaders to the Table

    The Federal government, led by Minister of Works David Umahi, is addressing the rising concerns over soaring cement prices by summoning major industry players to an urgent meeting. The meeting, scheduled for Monday at the Federal Ministry of Works, Mabushi-Abuja, aims to examine the issues...
  2. Concerns Mount as Abuja Witnesses Sharp Spike, Cement Prices Reach N15,000

    Nigeria Concerns Mount as Abuja Witnesses Sharp Spike, Cement Prices Reach N15,000

    In a recent market survey conducted by DAILY POST, the price of a 50-kilogram bag of cement in the Federal Capital Territory has seen an alarming surge, ranging between N10,000 and N15,000. Various locations such as Gwarimpa, Kubwa, Lugbe, and Dawaki reported Dangote cement priced at N10,000...
  3. Crisis Unfolds: Cement Prices Skyrocket to N9500 in Lagos, Retailers Hit Pause Amid Economic Strain

    Nigeria Crisis Unfolds: Cement Prices Skyrocket to N9500 in Lagos, Retailers Hit Pause Amid Economic Strain

    The price of a 50kg bag of cement has skyrocketed to approximately N9500 in numerous retail outlets across Lagos, intensifying the impact of inflation in Nigeria. Investigations conducted by Nairametrics reveal a sharp increase in prices since January, rising from around N6,000 to over N9000...
  4. Aliko Dangote and Femi Otedola Engage in Witty Banter Over Corporate Takeover Drama at Dangote Cement

    Nigeria Aliko Dangote and Femi Otedola Engage in Witty Banter Over Corporate Takeover Drama at Dangote Cement

    At the Dangote Cement customers appreciation event in Lagos, Aliko Dangote, the President/Chief Executive of Dangote Industries Limited, extended a warm welcome to his billionaire friend, Femi Otedola, expressing openness to Otedola's potential corporate takeover of Dangote Cement. During the...
  5. Femi Otedola Reveals Vision Behind Dangote Cement Shares Acquisition: Long-Term Wealth and Economic Growth for Nigeria

    Nigeria Femi Otedola Reveals Vision Behind Dangote Cement Shares Acquisition: Long-Term Wealth and Economic Growth for Nigeria

    Billionaire investor Femi Otedola has released a comprehensive statement explaining his recent acquisition of shares in Dangote Cement, one of Nigeria's leading companies. The press release underscores Otedola's strategic approach, emphasizing long-term wealth preservation, export potential, and...
  6. Femi Otedola Boosts Portfolio: Invests ₦6 Billion in Dangote Cement Shares

    Nigeria Femi Otedola Boosts Portfolio: Invests ₦6 Billion in Dangote Cement Shares

    Billionaire tycoon Femi Otedola has acquired shares worth ₦6 billion in Dangote Cement Plc, as revealed by a reliable source. The acquisition adds to Otedola's diverse portfolio, showcasing strategic investments in key sectors. Dangote Cement, currently the largest company in Nigeria by market...
  7. Nigeria's Top Manufacturers Hit Hard as Forex Loss Skyrockets 400%

    Nigeria Nigeria's Top Manufacturers Hit Hard as Forex Loss Skyrockets 400%

    The once-thriving Nigerian manufacturing sector is facing an unprecedented crisis, grappling with a colossal 400% surge in net foreign exchange losses totaling a staggering N466 billion over the nine months ending in September. Industry insiders point to a complex interplay of factors, including...
  8. Aliko Dangote, Africa's Wealthiest Drops Off Global Top 100 Rich List

    Nigeria Aliko Dangote, Africa's Wealthiest Drops Off Global Top 100 Rich List

    Aliko Dangote, Africa's richest man and a prominent global business magnate, recently experienced a significant dip in his financial status. After an impressive surge in his net worth between June and September, Dangote's fortunes took a downturn. Data from the Bloomberg Billionaires Index...
  9. BUA Group Drops Cement Prices to 3,500 Naira

    Nigeria BUA Group Drops Cement Prices to 3,500 Naira

    BUA Group has announced a significant reduction in the price of cement, effective October 2, 2023. The cement manufacturer has fixed the ex-factory price at 3,500 NAIRA per bag, a move aimed at allowing Nigerians to enjoy the benefits of the price reduction before the completion of new...
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    Business Dangote Sugar turns preferred asset

    Dangote Sugar's strong earning is attracting strong bid for its stock, leading to a 36.21 per cent appreciation in the first half of 2023. In 42 months, investors were richer with a 48.85 per cent capital gain between 2020 and June 31, 2023. Kasimu Garba Kurfi , managing director, APT...
  11. Nigeria Business News

    Business Border closure hits Dangote, export moved to Congo – P.M. News

    Dangote Cement exports from Nigeria to neighbouring countries fell 41% in 2019 when Nigeria’s government closed the land borders. The development has made the dominant cement company in Africa move its exports to Congo Republic, producing from plants … Read more via P.M. News –...
  12. Nigeria Business News

    Business MTN, Dangote Cement, others lead market N303b losses – The Guardian Nigeria News

    Following heavy price losses suffered by most blue-chip stocks, easpecially MTN, and Dangote Cement, transactions on the Nigerian Stock Exchange…. The post MTN, Dangote Cement, others lead market N303b losses appeared first on The Guardian Nigeria News – Nigeria and World … Read more via...
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    Business Dangote Cement posts N805. 6 billion revenue in 2017, declares N10.50 – Premium Times Nigeria

    Dangote Cement on Tuesday announced a revenue of N805.6 billion for the financial year ended December 31, 2017. The revenue represented an increase of 31 per cent when compared to N615.1 billion achieved in the corresponding period of 2016. Read more via Premium Times Nigeria –...
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    Business Dangote Cement, StanbicIBTC, others lift NSE indices by N191 billion – The Guardian Nigeria

    Dangote Cement factory Following price gains recorded by major highly capitalised stocks especially Dangote Cement, and StanbicIBTC yesterday pushed market capitalisation by N191billion. Specifically, at the close of trading yesterday, the index rose by 572.72 points or 1.31 per cent to close at...
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    Business Dangote To Open $41 Million Cement Factory In Liberia – Nairaland

    Billionaire industrialist Aliko Dangote has expanded his empire to Liberia, as Dangote Cement Liberia Limited has signed an agreement with the country’s Senate to invest in its cement industry. Terms of the Agreement $41 million is expected to be invested by Dangote Cement in Liberia over the...
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    Metro Aliko Dangote Is The Pride Of The Black Race - Gov Ganduje

    President/CE, Dangote Geoup, Aliko Dangote has been described as the 'Pride of the Black Race'. Governor of Kano state, Dr. Umar Ganduje, who was speaking at Dangote Special Day, Monday said Nigeria is lucky to be blessed with someone like Aliko Dangote who has made Nigeria and indeed, Africa...
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    Business Dangote Controls 65% of Domestic Cement Market

    Dangote Cement has maintained its dominance in the Nigeria domestic cement market with 65 per cent of the total market volume. According to the results for the nine months ended September 30, 2017, the plant has doubled the size of the cement sector in the country. Chief Executive Officer...
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    Business Dangote Sells 2.3% Stake In Cement To Foreign Firm

    Aliko Dangote, has sold a 2.3 per cent stake in his cement firm, Dangote Cement, to foreign buyers. According to Reuters, Dangote Industries Limited sold the stake in a stock market deal valued at N86.1 billion ($236 million). The news agency reports that stock exchange confirmed the sale...
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    Business Dangote Cement Records 12.6% Increase In Sales Across Africa

    Africa’s largest cement producer, Dangote Cement, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in...
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    Business Nigeria Attains Self Sufficient In Cement Production, Commends Dangote For Feat

    The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spare headed the backward integration policy introduced by the government. Minister for...
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